Shell be gone?

Holy Oily Sand, Batman! Shell’s CEO, Jeroen van der Veer, admits that peak oil might be here in seven years. Read the story and letter here.

What is “peak oil”? “Peak oil is the point in time at which the maximum global petroleum production rate is reached, after which the rate of production enters its terminal decline. If global consumption is not mitigated before the peak, the availability of conventional oil will drop and prices will rise, perhaps dramatically.”

That means that we’re running out. Guess who’s going to get oil when it really starts to disappear? Not you, not me. Probably the airlines, industry, the government — all groups who should have freakin seen this coming. Maybe rich people will be apple to get oil. Probably. I can see all the cars in Hampden and Roland Park disappearing for tiny versions of their former selves, more bikes (which now sell for two thousand dollars), then the huge houses down the street from me on University Parkway having land yachts with combination locks on the gas tank doors and armed guards circling them. The engines left running as a disturbing display of wealth.

Not to mention things made of oil like plastic. Starbucks might charge you for that lid soon, man. Plastic will replace gold for bling!

What? You just bought a big SUV or hovercraft? That sucks for you, dude.